Klook Technology, a pan-Asian online travel booking platform, withdrew its plans for an initial public offering on Friday. It originally filed in November 2025 with an estimated deal size of $400 million. It hadn't updated its prospectus since then.
Klook operates a digital travel experiences platform to connect travelers with local merchants. It features roughly 310,000 offerings across approximately 4,200 destinations, serving about 11 million annual transacting users from more than 200 geographic markets, with 54 million experiences booked in 2024. It integrates real-time inventory, personalized recommendations, and last-mile engagement to connect global merchants with cross-border traveler demand.
The Hong Kong, China-based company was founded in 2014 and booked $541 million in revenue for the 12 months ended September 30, 2025. It had planned to list on the NYSE under the symbol KLK. Goldman Sachs (Asia), J.P. Morgan, Morgan Stanley, Citi, Mizuho Securities, RBC Capital Markets, Oppenheimer & Co., and Wedbush Securities were set to be the joint bookrunners on the deal.
